What Boart Longyear does

Boart Longyear, founded in 1890 and headquartered in the Salt Lake City area (West Valley City, Utah), is one of the world's largest integrated drilling services and drilling equipment providers to the global mining industry. The company operates two core divisions: Global Drilling Services, offering surface coring, reverse circulation, rotary, directional, sonic, and underground coring and production drilling plus water services (dewatering, water supply, pump services) across 15 countries; and Global Products, which designs, manufactures, and sells drilling equipment and performance tooling (LF surface coring rigs, LR rotary rigs, LM underground rigs, LS600 sonic rig), consumables, and aftermarket parts from six global manufacturing locations to customers in over 100 countries. The Q™ Wireline System (1966), XQ™ rods, TruScan™ XRF core scanning, Freedom Loader hands-free rod handling, and a portfolio of 418 issued patents and 579 trademarks anchor the technology stack. Drilling services are procured via a Request for Tender (RFT) process and complemented by a Veracio-branded geological data services subsidiary (formed around the September 2023 Minalyze acquisition) offering orebody analytics, structural geology, and real-time geochemistry via TruScan™. After trading on the ASX from April 2007 until its April 2024 take-private by American Industrial Partners, Boart Longyear now operates as a privately held company with 5,001–10,000 employees, competing against Caterpillar, Sandvik, Atlas Copco, and Epiroc in surface drilling rigs and Schlumberger in diamond core drilling. Most recent reported revenue was approximately $1.05B in 2023, with EBITDA of ~$98.6M (9.4% margin) and net income of ~$13.2M, following a COVID-era trough of $657M in 2020.

Name

Boart Longyear

Legal name

Boart Longyear Group Ltd.

Website

https://boartlongyear.com

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Boart Longyear, founded in 1890, is a global drilling services and equipment provider to the mining industry, operating in 15 countries for services and over 100 countries for products, with six manufacturing locations and a Veracio geological data services subsidiary.

Ownership category

akta.pro rank

Product category

Contract Mining Drilling Services

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Support Activities for Mining (2131), Support Activities for Metal Mining (213114), Drilling Oil and Gas Wells (213111)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

akta.pro secondary industries

Drilling Rigs & Drill Systems (IMAHAMAA), Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC), Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH), Mine Maintenance & Asset Reliability Contracting (Mobile/Fixed Plant Maintenance, Shutdowns, Overhauls) (IMAKAKAF)

Keywords

• Mineral exploration drilling
• Contract drilling services
• Drilling equipment manufacturing
• Mining drilling tooling
• Diamond core drilling

Headquarters

HQ city

South Jordan

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Drilling Services: Contract drilling services for mineral exploration, including surface coring, underground coring, reverse circulation, rotary drilling, directional drilling, sonic drilling, and production drilling. Core revenue driver for the company.
2. Water Services: Mine dewatering, water supply drilling, and pump services for mining operations and other water management needs.
3. Drilling Equipment and Performance Tooling: Designs, manufactures, and sells drilling equipment, performance tooling, down-hole instrumentation and parts. Products include coring rigs, rotary rigs, drill bits, coring rods, and accessories.
4. Aftermarket Parts and Service: Parts, service, and support for installed equipment across the global customer base.
5. Veracio Geological Data Services: Geological data services through Veracio subsidiary, providing orebody analysis, onsite real-time geochemistry, structural geology, downhole survey, and drilling optimization using emerging technologies like TruScan core scanning.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Boart Longyear provides mineral exploration drilling services and manufactures drilling equipment, performance tooling, and consumables for the global mining industry. Operations span Global Drilling Services (surface coring, underground coring, reverse circulation, rotary, directional, sonic, production drilling, and water services/dewatering) and Global Products (drill rigs, drill bits, coring rods, down-hole instrumentation, and aftermarket parts). The company also operates Veracio, a geological data services subsidiary offering orebody analysis, real-time core scanning (TruScan), and drilling optimization.

Product overview

Boart Longyear is the world's leading provider of drilling services, drilling equipment, and performance tooling for mining companies, established in 1890. The company operates through two main divisions: Global Drilling Services offering surface drilling (surface coring, reverse circulation, rotary, directional, sonic), underground drilling (underground coring, production drilling), and water services (dewatering, water supply, pump services); and Global Products manufacturing drill rigs (LF series surface coring, LR series rotary, LM series underground, LS600 sonic), performance tooling, and aftermarket parts. The company also operates Veracio, a geological data services subsidiary offering TruScan XRF core scanning technology for real-time elemental analysis. With six global manufacturing locations and operations in 15 countries, Boart Longyear serves mining customers across copper, gold, nickel, zinc, uranium, and other metals and minerals.

Differentiator

Problem solved

Functional benefit

Brands

• Veracio: Geological Data Services entity dedicated to building and deploying technologies that redefine mineral exploration. Through a fusion of science and technology, Veracio helps miners leverage their opportunities while mitigating the social and environmental impact of their decisions.
• Boart Longyear Drilling Products

Products and services

• Surface Drilling Services Contract surface drilling services including surface coring, reverse circulation, rotary drilling, directional drilling, and sonic drilling for mineral exploration by mining companies worldwide.
• Underground Drilling Services Underground coring and production drilling services for underground mining operations using modular LM series diamond drill rigs and directional drilling capabilities.
• Water Services Mine dewatering, water supply drilling, pump services, and horizontal drilling for depressurizing and groundwater control in mining operations including large diameter wells, high-wall stabilization, and pump installation.
• Production Drilling Services Underground and surface production drilling including cable bolt drilling, long-hole drill and blast, V-30 drilling methods for mining production operations.
• Directional Drilling Services Directional drilling for mineral exploration using wedging, mud motoring, electromagnetic and mud pulse survey/steering tools to reach designated mineral targets with multiple azimuth and inclination options from a single mother hole.
• LF Series Surface Coring Drills Family of surface coring drill rigs including LF70, LF90C, LF90D, LF160, and LF230 with depth capacities from 895m to 2,983 meters, various mounting options, and hands-free rod handling capabilities. Sold to mining companies and drilling contractors.
• LR Series Rotary Drills Rotary drilling rigs including LR140, LR200, LR300, LR500, and LR700 with pullback capacities from 140,000 to 700,000 lbs, capable of drilling holes from 6 3/4 to 60 inches in diameter.
• LM Series Underground Coring Rigs Modular underground coring drill rigs including LM55, LM75, LM90, LM110, LM150, and MDR700 with easily interchangeable components, designed for space-constrained underground mining environments.
• LS600 Sonic Drill Sonic drilling rig utilizing resonant sonic energy frequencies to provide continuous, relatively undisturbed in-situ core samples with reduced drill spoils and waste up to 80 percent relative to conventional drilling methods.
• Pump Hoist Rigs Specialized pump hoist rigs including LR265, P100, and LR165 for lifting heavy casing and pumps with capacities up to 250,000 lbs, used for dewatering pump installation and rehabilitation.
• LF300 Surface Coring Drill Surface coring drill featuring fully hands-free rod handling and 45-second rod trips as an industry-first innovation for mining exploration. Built on proven LF160 and Freedom Loader platform, delivering up to 3,000 meters depth capacity and 272 kW of power.
• Stingray Diamond Bit Diamond bit designed for down hole motor and full face drilling with advanced design elements including optimized crown geometry and even wear profile to reduce downtime and increase productivity.
• Veracio Geological Data Services Geological data services providing orebody analysis, onsite real-time geochemistry, structural geology, downhole survey, and drilling optimization using emerging technologies including TruScan XRF core scanning for mining companies.

Quantifiable outcome

• Deep drilling capabilities exceeding 10,000 feet (3,048 meters)
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature10 records

Partnerships

Four partnerships are on record, tiered core.

• American Rare EarthscoreStrategic or Co-development Partner · 27 May 2026American Rare Earths engaged Boart Longyear to conduct approximately 3,050 meters of HQ core drilling across 19 holes at the Halleck Creek Rare Earths Project in Wyoming. The drilling program began May 13, 2026 and is expected to conclude by mid-July, generating roughly 1,045 core samples for assay along with material for geomechanical, hydrological, and metallurgical testing to support a Definitive Feasibility Study.
• Apex Critical MetalscoreStrategic or Co-development Partner · 14 January 2026Apex Critical Metals secured Boart Longyear as drilling contractor for its Rift Rare Earth Project in Nebraska. The drilling program encompasses approximately 8,000 meters across 10 to 15 drill holes targeting the Elk Creek Carbonatite Complex, with field operations commencing before end of January 2026.
• MetalSource MiningcoreStrategic or Co-development Partner · 17 November 2025MetalSource Mining announced a drilling contract with Boart Longyear to conduct a minimum of 2,000 meters of core drilling at its flagship projects in North Carolina, Silver Hill and Byrd Pilot. The drilling aims to test high-priority mineral targets for potential resource expansion.
• North American Mining IndustrycoreStrategic or Co-development PartnerBoart Longyear brought coring rod manufacturing back to the United States in Salt Lake City starting November 2025, shipping U.S.-made drill rods to customers in the United States and Mexico to reduce lead times, mitigate supply chain risks, and support the North American mining industry.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Epiroc: Epiroc is a leading global mining and infrastructure equipment manufacturer offering drilling rigs, rock excavation, and consumables. It directly competes with Boart Longyear's Drilling Products division and is one of the top five players in surface drilling rigs alongside Boart Longyear.
• Schlumberger (SLB): SLB is the world's largest oilfield services company with growing mining sector exposure through digital and drilling technologies. It is identified alongside Boart Longyear as a key player in diamond core drilling, representing a broader incumbent with adjacent capabilities and far greater capital resources.
• Atlas Copco: Atlas Copco (parent of Epiroc until 2018) is a broad industrial OEM with significant mining equipment exposure including compressors, drilling rigs, and consumables. It competes with Boart Longyear across both drilling services support and drilling products and is identified alongside Boart Longyear as a top-five surface drilling rig player.
• Caterpillar (Cat Mining): Caterpillar is a global heavy equipment OEM with a mining division offering large rotary blasthole drills and surface drilling rigs. It competes with Boart Longyear's LR series rotary rigs and is named as one of the top five surface drilling rig market players.
• Sandvik Mining and Rock Solutions: Sandvik is a major mining equipment OEM offering rotary and DTH drilling rigs, drill bits, and consumables. It competes directly with Boart Longyear's rig and tooling product lines and is one of the top five surface drilling rig players.

Direct peers

• Major Drilling Group International: Major Drilling is one of the world's largest mineral exploration drilling contractors, providing surface and underground core drilling to mining companies globally. It is the closest direct competitor to Boart Longyear's Global Drilling Services division, and Boart Longyear's COO Denis Despres previously served as Major Drilling's COO before rejoining Boart Longyear.
• Foraco International: Foraco is a global drilling services contractor specializing in mineral exploration, geotechnical, and water well drilling across diverse geographies. It directly competes with Boart Longyear in contract drilling for mining explorers and offers a comparable service portfolio.
• Geodrill Limited: Geodrill is a West African-focused mineral exploration drilling contractor offering reverse circulation, core, and grade control drilling. While smaller and more regionally concentrated, it offers comparable contract drilling services to mining explorers and competes with Boart Longyear's African operations.

Emerging players

• Corescan: Corescan provides hyperspectral core scanning and geological data services to mining companies. It is a partial competitor to Boart Longyear's Veracio/TruScan XRF offering, focusing on mineralogical rather than purely elemental analysis, and represents an emerging player in the digital core logging space Boart Longyear is targeting.
• Devico: Devico specializes in directional drilling tools and core orientation systems for mineral exploration. It is referenced as a third-party partner integrated with Boart Longyear's directional drilling services, representing a niche technology peer that competes in the directional core drilling subsegment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/boartlongyear
• Facebookfacebook.com/boartlongyearcareers
• LinkedInlinkedin.com/company/boart-longyear

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boart Longyear